Bank failure · MA
Ludlow Savings Bank (Ludlow, MA) — failed October 21, 1994
Ludlow Savings Bank of Ludlow, Massachusetts was closed on October 21, 1994 and resolved through a purchase and assumption. Albany Savings Bank FSB (NY) took over its insured deposits. At failure it held $222.7M in assets and $229.1M in deposits. The FDIC's estimated loss on the failure is $2.9M (1.3% of assets).
- Closing date
- October 21, 1994
- FDIC certificate #
- 90230
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Albany Savings Bank FSB
- Insurance fund
- BIF
Other failures in 1994
- Cornerstone Bank FSB CA
- Capital Bank CA
- Bank of Newport CA
- Commerce Bank CA
- Western Community Bank CA
- Bank of San Pedro CA
- Pioneer Bank CA
- The Meriden Trust and Safe Deposit CT
- The Bank of Hartford CT
- Encino Savings Bank, FSB CA
- Barbary Coast National Bank CA
- Commercial Bank and Trust Company MA
- Superior National Bank MO
- Mechanics National Bank CA